Asia-Pacific Remote Patient Monitoring Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Asia-Pacific Remote Patient Monitoring Systems Market is Segmented by Type (Heart Monitors, Breath Monitors, Hematology Monitors, Multi-parameter Monitors, Other Types) Application, End User, and Geography

Market Snapshot

Asia-Pacific Remote Patient Monitoring Systems-1
Study Period: 2018 - 2026
Base Year: 2020
CAGR: 12.9 %

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Market Overview

The Asia-Pacific remote monitoring systems market is projected to register a CAGR of almost 12.9%, over the forecast period. Certain factors that are propelling the growth of the market are the rising incidences of chronic diseases due to lifestyle changes, increase in the aging population, need to contain healthcare expenditure, demand for home-based monitoring devices, and ease of use and portability devices to promote the growth.

The adoption of various home-based monitoring devices has helped in the growth of the healthcare industry, drastically. The switch toward home care and preventive care has led to the higher acceptance of remote patient monitoring devices. With the help of these devices, the patients can keep a track of their well-being and the doctors can offer accurate diagnosis. These devices are also helping patients recover better after surgeries and during treatments. However, a paradigm shift toward home based monitoring is increasing, which is driving the remote patient monitoring systems market.

Scope of the Report

As per the scope of the report, remote patient monitoring technology comprises day-to-day monitoring devices, such as glucometers for patients with diabetes and heart or blood pressure monitors for patients getting cardiac care. Information can be sent to a physician's workplace by using telehealth communication links, by using a software application installed on the patient's internet-capable computer, smartphone, or tablet.

By Type
Heart Monitors
Breath Monitors
Hematology Monitors
Multi-parameter monitors
Other Types
By Application
Cancer Treatment
Cardiovascular Disease
Diabetes Treatment
Sleep Disorder
Weight Management and Fitness Monitoring
Other Applications
By End-users
Home Healthcare
Hospital/Clinics
Other End Users
Geography
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific

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Key Market Trends

Heart Monitors are Expected to Witness the Highest CAGR over the Forecast Period

The rising prevalence of heart diseases in the Asia-Pacific region is one of the major factors contributing to the huge demand for heart monitors. According to the World Health Organization, around 26.2% of deaths in the Asia-Pacific region are associated with cardiovascular diseases. Furthermore, the prevalence of hypertension in the region is approximately 16-18%. Owing to the rising number of people suffering from medical issues, such as hypertension, blood pressure fluctuations, heart failure, etc., the demand for remote monitoring devices is increasing.

In addition, with the advancements in technology and rapid adoption of digital healthcare in developing countries, there is a huge demand for remote monitoring devices. Among these devices or systems, heart monitors have a huge demand across developing countries, such as India and China.

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Competitive Landscape

The Asia-Pacific remote patient monitoring market is moderately competitive and inclusive of the major players, such as GE Healthcare, Abbott Laboratories, Baxter, Boston Scientific, and Omron Healthcare. Due to the growing digital healthcare market, small players are also focusing on entering the market, and are anticipated to grab a substantial market share in the coming future.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Incidences of Chronic Diseases coupled with increasing Geriatric Population

      2. 4.2.2 Increasing Demand for Home-based Monitoring Devices

      3. 4.2.3 Ease of Use and Portability Devices to Promote the Growth

    3. 4.3 Market Restraints

      1. 4.3.1 Resistance from Healthcare Industry Professionals

      2. 4.3.2 Stringent Regulatory Framework

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Heart Monitors

      2. 5.1.2 Breath Monitors

      3. 5.1.3 Hematology Monitors

      4. 5.1.4 Multi-parameter monitors

      5. 5.1.5 Other Types

    2. 5.2 By Application

      1. 5.2.1 Cancer Treatment

      2. 5.2.2 Cardiovascular Disease

      3. 5.2.3 Diabetes Treatment

      4. 5.2.4 Sleep Disorder

      5. 5.2.5 Weight Management and Fitness Monitoring

      6. 5.2.6 Other Applications

    3. 5.3 By End-users

      1. 5.3.1 Home Healthcare

      2. 5.3.2 Hospital/Clinics

      3. 5.3.3 Other End Users

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 Japan

        3. 5.4.1.3 India

        4. 5.4.1.4 Australia

        5. 5.4.1.5 South Korea

        6. 5.4.1.6 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 Omron Healthcare

      3. 6.1.3 AMD Global Telemedicine

      4. 6.1.4 Baxter International Inc.

      5. 6.1.5 Medtronic PLC

      6. 6.1.6 Boston Scientific Corporation

      7. 6.1.7 Masimo Corporation

      8. 6.1.8 GE Healthcare

      9. 6.1.9 Nihon Kohden

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Asia-Pacific Remote Patient Monitoring Systems Market market is studied from 2018 - 2026.

The Asia-Pacific Remote Patient Monitoring Systems Market is growing at a CAGR of 12.9% over the next 5 years.

GE Healthcare, Abbott Laboratories, Omron Healthcare, Medtronic PLC, Boston Scientific Corporation are the major companies operating in Asia-Pacific Remote Patient Monitoring Systems Market.

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